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Norway’s $1trillion Sovereign Wealth Fund holds lessons for Nigeria

Nigeria’s oil funds have accumulated about $3.96 billion, which is capable of paying for only 16 percent of the 2017 budget, while Norway’s oil fund, reached $1 trillion on Tuesday, capable of resolving the country’s budget in 37 years, even though it was created six years before Nigeria’s. Norway’s sovereign wealth fund, the world’s largest, […]

The post Norway’s $1trillion Sovereign Wealth Fund holds lessons for Nigeria appeared first on BusinessDay : News you can trust....

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Published By: Business News - Thursday, 14 September

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